X17 EXCLUSIVE - Katherine Jackson's Attorney Says Guardianship Agreement Has Been Reached In Regards To Michael's Three Children

X17 can exclusively report that Katherine Jackson and nephew TJ have come to a guardianship agreement in regarding to Paris, Prince and Blanket Jackson.

Perry Sanders Jr., Katherine's attorney, released the following statement to the media:

"That 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. It will also make clear for school personnel and anyone else coming into contact with the children that TJ is authorized to act on their behalf. 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."

Sanders adds:

"Mrs. Jackson 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."

UPDATE: 10:00 AM X17 just spoke on the phone with Perry Sanders Jr. who confirmed that TJ Jackson and Katherine Jackson agreed to share guardianship duties. Sanders clarifies that he is currently in Colorado Springs, but the agreement was reached last night. Sanders says, this morning, TJ's attorney filed the papers in the LA courthouse.

Despite sharing responsibilities with TJ, Perry continues:

"Katherine will continue handling the money situation and the daily decisions involving the children. This new agreement doesn't take away any authority from Mrs. Jackson. It just takes some of the load off of her. She wants to enjoy the non-stressful parts of family life. This will take the day-to-day stressers off her back.

My client is thrilled with the solution we've agreed upon. My goal is, and always has been, to not make the children look bad."