True or False: The courts consider the success or failure of trustees when determining reasonable compensation.

The success or failure of trustees is typically not a direct factor that courts consider when determining reasonable compensation. Instead, courts evaluate compensation based on standards such as the nature and complexity of the trust, the skill and expertise required, the amount of time spent managing the trust, as well as the customary fee for similar services in the community. This means that even if a trustee does not achieve favorable outcomes, their compensation may still be deemed reasonable based on the agreed terms of service and the efforts expended.

Trustee compensation is generally meant to reflect the duties and responsibilities undertaken, rather than purely the results of those duties. While performance may indirectly influence perceptions of a trustee's effectiveness, it does not form the basis for the judicial assessment of what constitutes reasonable compensation in a strict legal sense. Courts focus on the established criteria rather than outcomes, underscoring how the duties and expectations of a trustee are prioritized over their success.