Katherine Jackson To Get Custody Of Michael's Children
Posted on Thu Jul 30, 2009 08:35 AM PDT

katherinecustody200.jpgLOS ANGELES, California (X17online) - Katherine Jackson, 79, and Debbie Rowe, the biological mother of two of Michael Jackson's children, have reached a custody agreement, giving the Jackson matriarch sole custody of kids, it was revealed today in an interview on CBS' Early Show.

Rowe will have visitation rights but will not be paid any money in the deal, which some earlier reports had suspected she was seeking.

Katherine Jackson's attorney L. Londell McMillan told CBS the agreement was in the best interest of the children.

"This is not a money deal. This is not about money. ... There is no situation better for these children than for them to be raised and reared in the loving care of Mrs. Katherine Jackson," McMillan said.

McMillan also addressed some of the other lingering questions:

    Will Joe Jackson being involved in raising the kids? 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."

    Is it true Michael had a fourth child, Omer Bhatti?
    McMillan: "I'm not in the rumor business; I'm in the law business. I'm not going to even entertain those questions right now."

    How much of Jackson's estate will Katherine recieve:
    She'll get 40% of her son's estate and Jackson's long-time business partners, John McClain and John Branca, will manage all matters of the estate.

    How much is Jackson's estate worth?
    McMillan estimates it could be worth as much as $2 billion. That is if the estate achieves its potential earnings, and that's if the estate is managed effectively. Michael Jackson in death could be even more of an industry than he was during his lifetime.

The custody of Blanket is not at issue, since he was conceived with the aid of an anonymous surrogate who never had a claim to parental rights.

Jackson photograph courtesy: AEG

CLICK HERE to see all of X17online's Michael Jackson photo galleries

CLICK HERE to see all of X17online's Michael Jackson stories

CLICK HERE to see all of X17's Michael Jackson videos