In 1993, Schackenborg Palace and its associated farm and lands were taken over by Prince Joachim, who has studied agriculture both in Denmark and abroad.
In connection with the marriage of Prince Joachim and the then-Princess Alexandra in 1995, a nation-wide collection under the name, ¨The Nation’s Gift was launched. The collected amount of around DKK 13 million has been used for restoration of the Palace.
On 24 May 2008, Prince Joachim married Marie Agathe Odile Cavallier, who afterwards became Princess Marie. Today, Prince Joachim and Princess Marie reside at Schackenborg Palace.
The Palace is not open to the public. In summer, there are guided tours of the Palaces garden.