Deal Reached: Jackson’s Mom to Get Custody of His Kids

Michael Jackson's mother Katherine will get custody of his three children under terms of a deal that's just been reached, it was reported Thursday. According to reports, Debbie Rowe, the mother of the Michael's eldest children, will get visitation, but no extra money.

Though he did not go into specifics, Katherine's attorney Londell McMillan said on CBS' The Early Show Thursday: "It's an agreement, an agreement for the best interests of the children. This is not a money deal. This is not about money."

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Since the singer's June 25 death, 79-year-old Katherine Jackson has remained in control of the three children, Prince, 12, Paris, 11, and Blanket, 7. Rowe has sent mixed signals on whether she wants to be the children's guardian.

NBC's Today show reports that under the new deal, Rowe, who will not receive any extra money, will retain her parental rights but has agreed not to claim custody.

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NBC also reports that Prince and Paris know Rowe is their mother, and as a central part of the agreement, they will begin to have a relationship with her. A child psychologist will supervise the process, according to NBC.

Asked if the issue of custody and Rowe had been resolved, McMillan said on The Early Show, "We will be making an announcement very shortly on that issue, and all of the parties are resolved. There is no situation better for these children than for them to be raised and reared in the loving care of Mrs. Katherine Jackson."

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He dismissed reports that Joe Jackson shouldn't be involved in raising the children. Said McMillan, "I don't think it's valid at all. I think Joe Jackson is the husband of Mrs. Jackson, but he's not living in Los Angeles."

While Michael's will requested that Katherine raise his children, he appointed his two longtime business partners, John Branca and John McClain, to look after his money.

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Katherine receives 40 percent of the estate, but she's fighting to be kept in the loop on all business matters.

McMillan denied that Katherine is trying to contest the will.

"We're not trying to rewrite the will," he said. "Our concern is for anyone to have extraordinary powers, they need to have extraordinary trust and integrity."

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