[2] He was the son of Walter Smith (d.1555), a merchant of Totnes, whose Easter Sepulchre type monument survives in the south chancel aisle of St Mary's Church, Totnes.
[3][1] At the Dissolution of the Monasteries Walter had purchased Totnes Priory and some of its lands which in 1544 he conveyed to feoffees for the uses of himself and his son Bernard.
[5] One of the earliest surviving recorded events of his career was his seizure in 1545 of a Spanish ship and its cargo which resulted in his censure by the Privy Council and an order for him to restore both to their owner.
[2] He purchased further lands near to those formerly belonging to Totnes Priory inherited from his father, and was subjected to a lawsuit due to his having cut-off the water supply to the mills of Totnes Castle.
He was succeeded by his daughter and sole heiress Eleanor Smith, then the wife of John Wrey.