The Karate Kid star turns 15 on 8 July (13), and his father reveals the teenager is eager to be allowed more freedom, even if it means taking legal action.
The Men In Black actor reveals he has his reservations about Jaden's request but accepts the young star wants control of his own life.
Smith tells Britain's The Sun, "He says, 'Dad, I want to be emancipated.' I know if we do this, he can be an emancipated minor, because he really wants to have his own place, like ooh. That's the backlash.
"On the other side, if kids just want to have command of their lives, I understand."