General News
19 May, 2025
Succession planning session for farming families
As part of Victorian Law Week, Rainbow Learning Group and Neighbourhood House will host an important community session on succession planning for farming families, led by Horsham-based lawyer Patrick Smith.
The free event, Passing the Torch: Succession Planning for Farming Families, will run from 11am to 1pm on Tuesday, May 20, at Rainbow Learning Group and Neighbourhood House.
It aims to give families a clearer understanding of how to secure their future through effective estate planning.
Mr Smith, Principal at O’Brien & Smith Lawyers, brings personal experience to the topic, having previously worked on a sheep farm with his twin brother and father, who both continue to farm in the Mallee.
“I have a good understanding of the challenges farmers face,” he said.
“My presentation will focus on succession and estate planning, including wills, powers of attorney, medical treatment decision makers, and advanced care directives—but with a special focus on the strategic planning needed for farming families.”
The interactive session will also touch on the benefits of testamentary trusts, strategies to avoid will disputes, and how to prepare for an estate planning appointment.
A question-and-answer session will follow, allowing attendees to ask general questions about the process.
“It’s not just for farmers, anyone with assets should consider attending,” Mr Smith said.
“We’ll explain how these documents work, what they look like, and highlight some options available for future planning.”
He added that small communities like Rainbow could benefit greatly from early discussions around succession planning.
“I see it all the time, farms lost in estate disputes,” he said.
“If you don’t plan properly, legal fees can eat away everything you’ve worked for.”
The session includes a free lunch and refreshments.
Community members can register by contacting Rainbow Learning Group and Neighbourhood House on (03) 5395 1884 or emailing info@rlgnh.org.
“I look forward to meeting everyone,” Mr Smith said.
