Q: How much money do you need to possess to be declared legally independent and emancipated?
There is not a certain amount required.
Texas law allows for the emancipation of minors in certain circumstances. Any minor petitioning a Texas court for emancipation -- that is, being declared an adult in the eyes of the law -- must be a Texas resident, 17 years old (or 16 and living apart from one's parents), and able to support and manage one's own affairs.
The minor seeking emancipation will have to state the following in his or her petition:
-Name, age, residency of petitioner
-Name and residency of parents/guardians (if still living), or managing conservator (if applicable)
-Reasons why emancipation serves the best interests of the petitioning minor
-Purpose for the request
(quoted from Findlaw)
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