Charlemagne (c.742-814), also known as Karl and Charles the Great, was a medieval emperor who ruled much of Western Europe from 768 to 814. In 771, Charlemagne became king of the Franks, a Germanic tribe in present-day Belgium, France, Luxembourg, the Netherlands and western Germany. He embarked on a mission to unite all Germanic peoples into one kingdom, and convert his subjects to Christianity.
Subject to the income limitation described below, anyone can contribute to a Coverdell account for a particular child. Parents, grandparents, aunts and uncles â even a friend of the family can set one up. The child can even contribute to his or her own Coverdell account.
Coverdell IRA or a 529 plan. Both the Coverdell ESA and the 529 plan allow you to set up accounts for a beneficiary to pay for the cost of higher education. Unlike a custodial account where your child can spend the money anyway he wishes at age 18, the Coverdell and 529 plans can only be used for educational purposes.he Coverdell plan is very similar to how a Roth IRA works, but with a few twists. The Coverdell is also not the only tax advantaged plan to save for higher education costs. A very popular type of plan is the 529 plan, which takes its name from the section of the tax code dealing with these plans.