Today, we take a look at one of the most misunderstood and underutilized accounts in your tax-planning aresenal.
The Coverdell Education Savings Account can be incredibly useful as a tool for you to pay for:

elementary school expenses
secondary school expenses
homeschool expenses (in some states)
college expenses
vocational school expenses
and more!

Perhaps more importantly, there are very few things you can't use as an investment in the account. You can choose to invest in:

real estate
notes
tax liens
companies 
precious metals
etc.

But what about the income limitations? Meaningless. You can circumvent them so easily they're utterly meaningless.
This account is constantly criticized as being useless. Check out my discussion of the details and see if it deserves the criticism.
Enjoy!
Joshua
Links:

IRS Publication 970: Tax Benefits for Education
Estate and Gift Tax Treatment of a Coverdell Account