IP Mobility Management allowing for handover and location management to be handled by the network layer has been around for a couple of 20 years or so now. A number of protocols have been proposed including the GPRS Tunneling Protocol (GTP), Mobile IP, Proxy Mobile IP, and the Locator/Identifier Split Protocol (LISP) being the best known and most discussed in the research literature. This paper overviews existing solutions and suggests a new distributed and dynamic mobility management scheme and evaluates it against existing static approaches.