Upgrading from a basic phone to a smart phone after 6 months?

Alright, right now on our plan we have two smartphones and one basic phone. We've had the basic phone for about 6 months, and wish to upgrade it to a smartphone. We also would like to switch to Verizon's "Share Everything" plan. Is there a way to do this without paying ridiculous fees to get out of the basic phone's two year contract?
Cheers,
Gordon

To expand on what tikibar1 has said, paying the ETF on the basic phone and starting a new line of service would only be helpful if you didn't mind getting a new phone # for the person currently on the basic phone.
However, if this is not a problem, the ETF on a basic phone is MUCH less than the price you would need to pay in order to receive a full retail iPhone.
The ETF on a basic phone is $175 less $5 for each month of your contract you have completed. Since you have had the basic phone for 6 months, your ETF would be $145. A full retail 16 GB iPhone 5(for example purposes only), on the other hand is $649. The discounted price for that same iPhone 5 is $199. So even if you were to pay the ETF and the discounted price on the iPhone 5($145 + $199 = $344) you would still be getting a ~$300 discount on the iPhone 5 from the full retail cost.
Additionally, the chances of being able to find a used iPhone 5(in good condition) for less than that price would be pretty slim.
If you wanted a different model of phone, your costs would of course be different and you would obviously have to weigh your options with those numbers.
Good luck.

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