Jackson Five with parents Kate Jackson and Joe Jackson - 1972 (photo supplied by WENN.com)

Hours after a Los Angeles court granted Katherine Jackson temporary guardianship of her late son's three children on Monday (28Jun09), the ageing matriarch was handed the power to administer aspects of her son's estate until a hearing the following week (06Jul09).

In ruling, a judge stated that Katherine will be able "to control tangible personal property currently in the physical possession of a third party, and to marshal and secure such assets."

In court papers filed by Katherine Jackson's attorney, she states, "Numerous bank accounts now exist that are in control of third parties, some of which accounts were used to pay expenses of (Michael Jackson's) parents' home."

The new ruling gives Jackson's mother immediate responsibility for her son's belongings and means nothing from his estate can be sold or auctioned by a third party without her knowledge and consent.

This follows reports that certain memorabilia items, which were retrieved from an April (09) auction, are in the hands of a former associate of the King of Pop. These items, including a custom-made limousine and the old gates to Jackson's Neverland property, can no longer be sold until further notice.

Jackson's longtime friend David Gest is currently seeking legal action after his collection of memorabilia was sold in Las Vegas on Friday night (26Jun09) - a day after the King of Pop's death. He insists the timing of the sale was inappropriate.

Source: WENN