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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Entertainment > Article Home Business & Finance News U.S. Politics International Technology Entertainment Film Music People Television Arts Industry Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Jackson mother gets custody, Rowe gets visits Fri Jul 31, 2009 2:05am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Alex Dobuzinskis LOS ANGELES (Reuters) - Michael Jackson's mother will get custody of the late pop star's three children after reaching an agreement with his ex-wife Debbie Rowe, avoiding a custody battle only days before a court hearing on the matter. Rowe will have visitation rights with her two biological children with Jackson -- Prince Michael, 12, and Paris, 11, under the terms of the agreement, lawyers said on Thursday. The biological mother of Jackson's third child, Prince Michael II, 7, also known as Blanket, has never been revealed. Jackson's mother, Katherine, 79, was granted temporary custody of the children after he died from cardiac arrest on June 25. The "Thriller" singer had stipulated in his 2002 will that he wanted his mother to care for the children, but following his death, Rowe seemed to consider challenging Katherine Jackson's custody. A hearing on the matter was set for Monday. "Mrs. Jackson and the family are pleased this matter is resolved and was handled in a caring, thoughtful and courteous manner by the parties and their representatives," Londell McMillan, Katherine Jackson's attorney, said in a statement. "We were all united in our goals to do what is best for Michael's wonderful children, and both Mrs. Jackson and Debbie Rowe were on the exact same page," McMillan said. Eric George, an attorney for Rowe, said in a statement that the agreement was a "dignified outcome." "The sole consideration between the parties was the best interests of the children," he said. VALUE OF ESTATE Jackson left his estate, valued at more than $500 million in an attachment to his will, to a family trust that benefits his children, his mother and charities. "That estate is worth, in my estimation, a couple of billion dollars," McMillan said in an interview on CBS News' "The Early Show," referring to the future value of the estate if it achieves its potential earnings. "You hear $500 million. Don't buy it," he said. Estimates vary widely. Several recent reports including one in the Los Angeles Times have put a net value on the estate of $200 million. The major portion is Jackson's part ownership in music publishing company Sony/ATV, which owns old Beatles tunes and hundreds of songs from other artists and has been estimated to be worth as much as $1 billion. The singer also was said to be as much as $500 million in debt when he died. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: "Funny People" laughing loudest at box office also on reuters Full Coverage: Uninsured camp out for free healthcare Commentary: An abnormal recovery for housing market Former Wall Streeters take on new parenting roles More Entertainment News "Funny People" laughing loudest at box office Hollywood stars visit Havana amid U.S.-Cuba thaw HBO renews "Hung," "True Blood," "Entourage" Just A Minute With: Ashley Tisdale on her rising career Moore's credit crunch film tops bill in Venice More Entertainment News... Video Jackson's mother gets custody Play Video Katherine Jackson gets full custody Jackson doctor's house raided Feds raid Jackson doctor's home More Video... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video Senator asks Clinton to explain Honduran policy U.S. auto "clunker" program reaches limit Pelosi lashes out against insurance companies Hollywood stars visit Cuba amid U.S.-Cuba thaw Photographer Leibovitz sued for breach of contract Obama more bartender than mediator at beer summit | Video WRAPUP 4-U.S. healthcare plan suffers a Senate delay Some U.S. bank pay "unmoored" from performance: Cuomo White House faces questions on healthcare message Is it safe? U.S. vaccine experts want to build trust Most Popular Articles RSS Feed Video Jackson's mother gets custody "Beer Summit" at the White House Mourners arrested at Iran memorial Northern Iraq's election impact Katherine Jackson gets full custody Arroyo in Washington 7 year-old in car chase Shot dead for enforcing smoking ban Parents accused of locking up child Healthcare bill hits a snag Most Popular Videos RSS Feed Special Coverage: Michael Jackson The King of Pop Full coverage of Michael Jackson's sudden death, with the latest news, videos, facts and timeline. Full Coverage Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Labs | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. 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