Wiley and Sandra have been happily married for years and are now in the process of breaking up. Sam, his childhood friend, is just beginning to fall in love with a new teacher at the high school. As they try to adjust to these conflicting emotions they find themselves having to evaluate their own relationship as well.

For Norman and Ethel Thayer, this summer on golden pond is filled with conflict and resolution. When their daughter Chelsea arrives, the family is forced to renew the bonds of love and overcome the generational friction that has existed for years.