Katherine Jackson to Split Guardianship with TJ Jackson

It looks like the Jackson family drama may be coming to an end. Kind of. Sort of. But probably not.

A day after she returned to her grandchildren in California, and a couple days after TJ Jackson was granted temporary custody of Prince, Paris and Blanket, Katherine Jackson has agreed to share legal guardianship of Michael's three kids.

A court filing is expectde to take place next week.

"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," Katherine's attorney, Perry Sanders, tells TMZ.

It looks like the agreement will lead to TJ taking on the daily care of his niece and two nephews - a responsibility that will include speaking with "school personnel and anyone else coming into contact with the children," Perry explains - while Katherine will still control the family allowance.

That figure, courtesy of Michael Jackson's estate, sits at $70,000 per month.

Concludes the lawyer:

"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."