We had just gotten home from my sister's house, my wife, myself, and my daughter were getting out of the car when I noticed a bright starlike object moving across the sky. It slowly veered right then left. At this point it appeared to be descending toward the horizon, but it faded as it hit about 45 degrees above the horizon. Immediately when it disappeared, me and my daughter both seen a red object very rapidly blinking with a saturn like aura around it. It seemed to be coming from the opposite side of the sky from where the white light did, but it followed it even after the white light disintegrated. My wife seen the white light as well, however it was chilly so she hurried inside.