Mississippi is an equitable distribution state. This means regardless of the title to an asset, the Court is charged with the duty of looking at the entire makeup of the marital estate in making a determination as to what a fair property settlement will include. Property division and alimony are the tools our courts use to accomplish “equitable distribution.” Property settlement and alimony go hand and hand. Now I know you what you are thinking, “Alimony?” People don’t get alimony anymore???? While true, old school alimony or permanent periodic alimony is becoming rarer based on the changes in our society over the last several decades, alimony in general remains alive and well and can take many different forms and serve many different purposes to accomplish a fair or equitable dissolution of what divorce lawyers call the marital estate. The marital estate is basically everything that is acquired, both assets and liabilities, during the course of a marriage. Property settlements and alimony are “one shot deals”, so it is important to make sure you do it right. I am going to spend the next few minutes talking to you about the basics of these complicated legal issues.