One race ends and another begins. Now that the presidential election is over and President Obama has won a second term, wealthy investors are scrambling to avoid the tax increases that are sure to come down the pike when the Bush Era tax cuts expire Jan. 1, 2013. The federal income tax rate and the capital gains levy would both be upped if Congress doesn’t act. One way to avoid the tax hikes would be to set up a trust before the exclusion level increases. But time is running out.