Jackson Family Update: Katherine Agrees to Share Guardianship of Michael's Kids

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In yet another twist in the Jackson family drama, Katherine Jackson has agreed to share custody of Michael Jackson's children with her grandson, TJ.

According to TMZ, TJ and Katherine plan to file for joint guardianship next week.

Whose idea was the new arrangement?

None other than the youngsters at the core of the controversy: Paris, 14, Prince, 15 and Prince Michael II (aka Blanket), 10.  Said Katherine's attorney, Perry Sanders: "[The agreement] reflected the wishes of [Michael's] children."

Added Sanders: "[The] pleading will essentially now legally reflect how Mrs. Jackson and TJ have often shared  responsibilities of raising the children since Michael Jackson's tragic passing."

Earlier this week, a judge had suspended Katherine as the children's guardian after she was reported missing; it was eventually revealed that she'd taken time off to rest in Arizona, but her own lawyers suggested the trip may have been against her will. In her absence, TJ, the 34-year-old son of Tito Jackson, was named temporary guardian.

Under the new guardianship arrangement, TJ will manage household personnel and security, along with other day-to-day issues.

"Mrs. Jackson will then be freed up to focus on the more personal everyday decision-making related to the lives and activities of the children," said Sanders. "[She] is extremely pleased with the prospect of enjoying the pleasure of raising Michael's children without the day-to-day tedium of items such as managing the large staff that goes with such a high-profile family and focus her attention on being a grandmother and raising Michael's children."

And what about the Jackson family cash? According to Sanders, Katherine will still control the $70,000 per-month family allowance.

The Jacksons have been famously feuding as of late. Trouble began when Janet, Rebbie, TitoRandy and Jermaine Jackson demanded the executors of their late brother’s estate resign from their posts, in a letter obtained exclusively by Celebuzz.

But Tito later distanced himself from the letter, telling TMZ, "I completely retract my signature from the July 17th letter sent to the Executors of my brother Michael's estate and repudiate all the claims made against them. I don't want any part of that letter whatsoever."

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