Zelda will revive in the chapel on square T7 on the day you return from hiatus.
Zelda will lose all memories of the Hylian royal family, including the fact that she was part of it. She will remember that she's from Hyrule, but will instead think of herself as an ordinary Hylian woman. While the exact details of her family and occupation will elude her, any suggestion that she's the princess will seem laughably absurd, because she can remember a princess and that person definitely wasn't her. As Link was tied in with her memories of being a princess, she will not remember him, either.
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Zelda will lose all memories of the Hylian royal family, including the fact that she was part of it. She will remember that she's from Hyrule, but will instead think of herself as an ordinary Hylian woman. While the exact details of her family and occupation will elude her, any suggestion that she's the princess will seem laughably absurd, because she can remember a princess and that person definitely wasn't her. As Link was tied in with her memories of being a princess, she will not remember him, either.