Stephen C. Paine (P.C.)

Partner

CONTACT
Phone: 713-735-8525
Fax: 713-785-2091
Email: spaine@ssbplaw.com
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PRACTICE AREAS
Estate Planning and Probate
Real Estate and Finance
Tax and Tax Planning

Profile

Stephen began practicing with the predecessor to SSBP in 1969. Stephen spent his first two years working on litigation matters involving probate and real estate issues. In the mid-1970s, while still working in the real estate area, Stephen began to prepare and probate wills for clients that ultimately evolved into an estate planning and probate practice. In 1975, Stephen became a partner and in 1977 he was part of the first group of lawyers in Texas to be board certified in Estate Planning and Probate by the Texas Board of Legal Specialization. During 1979-1985, Stephen worked with several Texas State Representatives to help draft and secure passage of state legislation related to the extension and amendment of private deed restrictions, now codified in the Texas Property Code.

In the 1990s, Stephen participated in the Houston Bar Association Real Property Section ad hoc committee to review proposed zoning for the City of Houston. In 1995-1996, Stephen was a member of the Committee on Lawyers’ Opinion Letters in Mortgage Loan Transactions formed by the Council of the Real Estate, Probate and Trust Law Section of the State Bar of Texas which published the 1996 Texas Supplement Regarding Lawyers’ Opinion Letters in Mortgage Loan Transactions.

Stephen has over 45 years of experience helping a wide range of clients, including businesses, business owners, entrepreneurs, professionals, real estate developers, buyers, sellers, individuals and families with their real estate, probate and estate planning needs.

Stephen’s Practice Includes

Real Estate
Commercial Real Estate and Residential Real Estate
Acquisitions
Financing of Land
Construction of Multi-Family Residential Developments
Financing & Re-financing of Commercial Real Estate Developments

Estate Planning and Probate
Wills
Revocable Living Trusts
Medical and Financial Powers of Attorney; Directives; HIPAA Authorizations
Estate Tax Reduction
Income Tax Reduction
Asset Protection Planning
Charitable Planning
Probate of Wills
Administration of Estates
Establish and Funding of Trusts
Pre-Nuptial Agreements
Marital Property Agreements

Education

Rice University
B.A., 1964

University of Texas School of Law
Bachelor of Laws, 1967

Representative Matters

  • Helped numerous clients to protect against business liability exposure.
  • Crafted plans to meet client’s charitable objectives, while maximizing income and estate tax savings.
  • Helped a wide number of clients with estate planning for blended families.
  • Advised client in a second marriage regarding how to avoid post-death disputes between the surviving spouse and the children of the deceased spouse through use of a marital property agreement addressing potential contentious issues.
  • Assisted client in achieving estate tax savings through the use of a family limited partnership and a sale of limited partnership interests to a defective grantor trust with a contingent gift over to charity.
  • Assisted family with extensive real estate holdings across several generations in forming of a family limited partnership which ultimately led to gift tax and estate tax savings.

Membership and Affiliations

  • State Bar of Texas, 1967
  • American Bar Association,
           Real Estate, Probate and Trust Law Section
  • Houston Bar Association,
           Real Estate, Probate and Trust Law Section
  • Houston Estate and Financial Forum

Community Involvement

  • Member of the World Affairs Council of Houston
  • Member of the Southgate Civic Club, a voluntary organization of residents of the Southgate Subdivisions just south of Rice University:
    In the 1970s and 1980s Stephen was extensively involved in work related to the subdivision private deed restrictions.

Recognitions and Awards

  • Board Certified, Estate Planning and Probate Texas Board of Legal Specialization, 1977 – present, requiring extensive continuing legal education on an annual basis and renewal of certification every five years.
  • Rating in Martindale Hubbell “AV” (highest)

Personal

Stephen was on active duty in the U.S. Army from 1967-1969 and achieved the rank of Captain. He has been married since 1975 and has two adult married sons and four granddaughters.