Add a static block into Footer In Magento

If we want to remove the default magento footer links and wants to display your own footer, Magento provides the Static blocks, here we can add the text as well as the HTML also through the editor. Please follow the procedure to display the custom footer block in magento.

Step 1: Add a new static block for this Go to the Admin panel CMS -> Static Blocks here you can create the static block Suppose the static block identifier is custom_footer_block.
Step 2: Now Open the page.xml file it will be in app/design/frontend/default/[your_theme]/layout/, search for the code block

<block type="page/html_footer" name="footer" as="footer" template="page/html/footer.phtml">

and add this code block here

<block type="cms/block" name="custom_footer_block">
<action method="setBlockId"><block_id>custom_footer_block</block_id></action>

Then this code block will look like as

<block type="page/html_footer" name="footer" as="footer" template="page/html/footer.phtml">
<block type="page/switch" name="store_switcher" as="store_switcher" template="page/switch/stores.phtml"/>
<block type="page/template_links" name="footer_links" as="footer_links" template="page/template/links.phtml"/>
<block type="cms/block" name="custom_footer_block">
<action method="setBlockId">

Step 3: Now open your footer.phtml file it will be in app/design/frontend/default/[your_theme]/template/page/html/

<?php echo $this->getChildHtml('custom_footer_block') ?> //our custom block

for adding a link to your footer links you can always use this construction

<reference name="footer_links">
<action method="addLink" translate="label title">
<label>Your Path</label>
<title>Your Path</title>

Hope this will help to someone else.