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.
To make a transfer of a Coverdell ESA to a 529 savings plan you would follow these steps: 1  Request a withdrawal from the Coverdell ESA. 2  Contribute funds to a 529 plan for the same beneficiary. 3  Treat the Coverdell withdrawal as a tax-free qualified distribution on the beneficiary's income tax return.ot all states allow the transfer of Uniform Gifts to Minors (UGMA) or Uniform Transfers to Minors Act (UTMA) accounts to a 529 Plan. (See side quote box for a definition of these custodial accounts designed for holding a minor's assets).