Well it all depends on what timeline you use...

Split - there are now two different times in which Link is an adult and a child. In the adult the sages have been awakened and Ganondorf is sealed. He is saying good-bye to Zelda before he embarks on the journey to Termina...but does Zelda remember everything?
UWM - Link is a child, sages have not been awakened, Ganondorf is still 'at large' but they assume that Link and Zelda warn the King of what Ganondorf will do....