Michael Jackson’s mother will get custody of his three children, and the biological mother of the two oldest children will get visitation rights but no additional money, according to an agreement that will be presented Monday to the Los Angeles Superior Court for approval, which is expected.

As announced Thursday by lawyers for both sides of the agreement, the late pop superstar’s 79-year-old mother, Katherine Jackson, will be the guardian of his children — Prince Michael, Paris Michael and Prince Michael II, nicknamed Blanket, who range in ages from 7 to 12.

Debbie Rowe, the biological mother of Prince Michael and Paris (the identity of Blanket’s surrogate mother has never been revealed), will have visitation rights with them. The timing and manner of the visits will be determined by a child psychologist selected jointly by both sides. Rowe will not get any additional money beyond what she got in her initial agreement with Michael Jackson when she agreed to give up parental rights. On Thursday, NBC News’ Jeff Rossen reported that Prince and Paris have been told that Rowe is their biological mother.

In a statement , L. Londell McMillan and Diane Goodman, attorneys for Katherine Jackson, said that she and the Jackson family were “pleased this matter is resolved and was handled in a caring, thoughtful and courteous manner by the parties and their representatives.”

In the statement, Eric George, attorney for Rowe, said he was “proud of Deborah for her integrity and selflessness.”