MJ's ex-wife Debbie to give up parental rights for $4m

New York (ANI): Michael Jackson"s ex-wife Debbie Rowe is reportedly ready to give up her parental rights for a payout of four million dollars from her former mother-in-law. “It's one final payday," the New York Post quoted a disgusted Jackson confidant as saying.

Rowe, the biological mother of Jackson"s two elder kids Prince, 12, and Paris, 11, had earlier forfeited her parental rights once in exchange for a lump sum of 8 million dollars, plus 900,000 dollars annually for five years, during her divorce with the 'Thriller" hitmaker in 1999. Rowe resurfaced to reclaim her rights when Jacko was accused of child molestation in 2001, but gave up full custody of the kids in exchange for another four million dollars plus a 900,000-dollar home.

According to a family source, Rowe is again exchanging her restored parental rights with Jackson's mom, Katherine, for another 4 million dollars. "This would be it. This takes away any rights she has to challenge custody at any given time," the source said.

"If something happens to Katherine, [Rowe] can't challenge the next [guardian], whether that be Diana Ross or someone in the family," the source added. Although the family isn't happy about the mega-payout, they consider it a necessary evil, the source said. However, lawyers for both Rowe and Katherine Jackson were not available for comment.