Found in the WordSmith Tools Controller.
Remember screen position: places the main Controller always in the same monitor position on startup.
Restore last work saved: brings back the last word-list, concordance or key-words list when you start WordSmith.
WordSmith can be set to check for updated versions weekly, monthly or not at all. You may freely update your version within the version purchased (e.g. 8.0 allows you to update any 8.x version until a later version is issued).