I'm relatively new to Bitcoin and I'm setting up a hardware wallet for the first time.

I'd like to set up a multi-sig wallet on my Ledger and I'm wondering how the new Taproot changes will affect multi-sig on my Electrum wallet.

If I set up my new wallet on my Ledger to use the existing multi-sig configuration, what will I need to do to be able to get the efficiency and privacy benefits of Taproot when these features become available.

Will I need to recreate the wallet?

Is there an estimate of when Multisig2 support will be available in Electrum?

(Since I'm a newbie, please correct any misunderstandings I have about how Taproot and Multi-sig2 work).