jackson080209_12x.jpg Judge Mitchell Beckloff has named Katherine Jackson the guardian of Michael's three young children, it was decided today. Biological mother Debbie Rowe will maintain visitation rights, and consent forms signed by both Paris and Prince Michael, indicating that they want to stay with Katherine, were presented at the hearing this morning.

A follow-up hearing on the matter has been set for October 2, and Judge Beckloff also signed off on Jackson's estate paying out monthly allowances to Katherine and the kids. The amount of the monthly allowances was not disclosed, but the judge noted that he made the childrens' stipend 83.5 percent of what was requested. Katherine's allowance will be reviewed in six months, and an additional hearing on the childrens' payments has been scheduled for January 11, 2010.