On a snowy Thanksgiving Eve, the Fensetters are gathering in the failing New Hampshire town that bears their name. The family's fortunes have declined, and the Fensetter heirs, Harlan and Emmett, are stunned to learn they will somehow have to scrape by with barely a million dollars each.
Harlan is not a man to allow his supply of fine liquor, hot women, or flashy cars to be cut off, so he does what any self-respecting heir would do under the circumstances: he hires a hit man to take out his younger brother Emmett so he can get a larger piece of the inheritance pie. The pious but cowardly Emmett is Harlan's polar opposite in everything but his desire for more money.
Left to their own devices, the brothers will likely take each other down—and the town right along with them. But they are up against a wily spinster who loves Fensetter Falls with all her heart. She will do whatever is necessary to ensure the survival of her town ... and the brothers' downfall.