No, there is no update for this program to run it on Windows 10 operating system. This software is extremely old and lacks compatibility with the latest Windows 10.
However, there is a way to run the exact same version. Install VirtualBox and then install Windows XP inside Virtualbox. Of course, you will need a Windows XP installation, but I have seen messages on forums where users succeed installing Ultimate Family Tree.
Note: I have linked you to the Create a VM section, but you can check the whole page as well.