One of your clients comes in for a consultation and is excited that his wife just recently gave birth to their first child. His wife is adamant that they send the child to private school and they hope to see the child go to college. The investor asks for the best option for their situation and tells you that they can afford to contribute about $1,000-2,000 per year. He was hoping for low set-up costs and some investment flexibility when it comes to the various funds available. He also wants to avoid taxes related to the account in terms of earnings and withdrawals. Which of the following would be the best recommendation for your client? [A] a Coverdell Education Savings Account
[B] a UGMA/UTMA account in the child's name
[C] a Pass Book Savings account at a local bank
[D] a trust, set up in the child's name.