What an emancipated minor is legally able to do depends heavily on state law. Many states, for example New York, grant emancipated minors many additional rights over unemancipated minors.
Types of emancipation:
There are two types of Emancipation
Advantages of emancipation:
Teenagers become responsible in their early age.
The right to sue or be sued in his or her own name.
The right to retain his or her own earnings.
The right to establish a separate residence or domicile.
The right to enter into nonvoidable contracts.
The right to act autonomously, and with the power and capacity of an adult, in all business relationships, including but not limited to property transactions.
The right to work, and earn a living, subject only to the health and safety regulations designed to protect those under age of majority regardless of their legal status.
The right to give informed consent for receiving health care services
Disadvantages of emancipation:
The would be responsible for their choices.
They would have to support themselves, food, shelter, medical care, transportation, etc.
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You are considered an adult who is responsible for your own care, support, liabilities, and contractual obligations.
You are not protected from certain legal actions against you, such as enforcement of contracts.
As an unemancipated minor others are responsible for your care and support. Once you become emancipated these protections disappear.
In short, they become an adult.
Solutions of early emancipation:
Laws should be made to avoid early emancipation of teenagers
In spite of emancipation, parents should look after their children because they don’t have much experience of facing the problems.