Can you switch iPhone 4S to iPhone 5 by transferring the plan?

I currently have a iPhone 4S which is on my family plan. I want to get an iPhone 5 but do not want to get new carrier, number, etc. I just want to transfer my 4S to the 5. My 4S is still working and all, I just want the 5. Would that be possible or do I have to get a new plan for it?

Yes it is possible just buy an iPhone 5 that is for your carrier and take it to your carrier to activate on your line.

Why would you think you'd need a new plan? People transfer their accounts to new phones all the time.

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