Joann Bashinsky, 88, heiress to the Golden Flake potato chip empire, is for now back in control of her fortune after a ruling Thursday by the Alabama Supreme Court.

The court voided a 2019 probate order granting an emergency conservator that came after two employees claimed that 88-year-old Joann Bashinsky has dementia and is mentally unfit to handle her vast estate.

Justices said Bashinsky’s basic due-process rights were egregiously violated when the probate court made the emergency decision without giving her time to obtain counsel after her lawyers were disqualified. The permanent conservatorship petition remains pending before the court.

Joann Bashinsky is the widow of Sloan Y. Bashinsky, Sr. who owned the majority stock in Golden Enterprises, Inc., and who was the founder, chairman, and chief executive officer of Golden Flake Foods.  Joann’s personal estate is estimated to be with $80 million; with her entire estate valued at $218 million.

Back Story

Joann Bashinsky has been locked in a legal battle with two former employees who claim she has dementia and is no longer able to manage her estate.

The petition to appoint a conservator came after Bashinsky loaned her only grandson $23 million for his business ventures.

The employees said the grandson has undue influence over his grandmother. Bashinsky’s lawyers have disputed that she has dementia and that she wants to help her only grandson and heir.

Justices said the situation did not merit an emergency action by the probate court.

Justices said the petitioners and the probate judge ‘may all firmly believe that Ms. Bashinsky’s generosity to her grandson is financially unwise, and they may be correct in that judgment.’  ‘But such a concern is not an occasion for invoking the emergency procedures afforded a court as a result of which Ms. Bashinsky was admittedly deprived of proper notice of the hearing and, more egregiously, not given the opportunity at that hearing to present her own explanations for her behavior.’

Bashinsky likes to play bridge and Scrabble with her friends; she enjoys being home and reading books although her true passion is her charity work, both at the Big Oak Ranch and through her organization The Bashinsky Foundation.