Share 'Coverdell Savings for Children's Education'

My children are young, 5 and 1. They would likely benefit from the magic of compounding interest if we were to start a savings account for them. There are tax advantages to choosing something called a Coverdell Account http://www.fairmark.com/college/saving/coverdell/index.htm And it looks flexible as to what is considered an educational expense. Furthermore, the beneficiary can be changed, so...