Katherine jackson will get the kids.....

Michael Jackson's 79-year-old mother Katherine will receive full custody of his three children per a deal that was reached on Thursday, her lawyer announced.

Katherine jackson with Michael jackson

Debbie Rowe, Michael Jackson's ex-wife, has agreed not to challenge Katherine for custody of her children with Michael, Prince Michael I, 12, and Paris, 11. Also, no money will be exchanged between the parties, a statement read.

Katherine jackson

"This is not a money deal," Jackson family lawyer L. Londell McMillan told CBS's The Early Show. "This is not about money."

Katherine jackson

A child psychologist, paid for jointly by Jackson and Rowe, will oversee the process, attorneys for Katherine Jackson and Rowe said in a statement. The timing and frequency of the visits will be determined by both parties in consultation with the psychologist, the statement said.

Katherine jackson

The agreement is likely to be discussed during a hearing Monday in Los Angeles Superior Court. That hearing will now focus more on lingering issues with Jackson's multimillion dollar estate,

Katherine jackson

which Mrs. Jackson has vied for control of.