I did a complete uninstall of Windows Live Mail 2012 then reinstalled Windows Live Mail 2012. The program is now working properly. It appears the latest update KB3093594 is corrupted.
Stability Issues with the Windows Live Mail 2012 Update – KB3093594
We have received reports that the Windows Live Mail update- KB KB3093594, is causing stability issues for many of our customers running Windows Live Mail 2012.
Thank you for reporting this issue.
We have identified the root cause and are currently working on a fix that addresses the issue for impacted users on applicable platforms.
Please visit Update for Windows Live Essentials Mail 2012 or this thread for the latest updates.
***Update Dec 20^th^
Sorry for the delay in posting this update.
On Dec 17^th^we rereleased the Windows Live Mail update KB3093594. For users who had previously installed this update and were experiencing a crash when launching the Windows Live Mail app, please download and re-install KB3093594 and this issue should be resolved.
https://support.microsoft.com/kb/3093594
Some users have independently reported a separate issue with sync of mail with attachments that we continue to investigate.
Update 1 February 2016
(posted as Issues 3 under Known issues ... for KB3093594 rev. 6.0)
Some customers have reported other issues with the release on December 17, 2015. This update is no longer being offered while Microsoft investigates these issues further. Server interactions will remain supported during this investigation.
NB: links to http://www.microsoft.com/en-us/download/details.aspx?id=49486 will not work 
Windows for home | Other | Email and communications
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Anonymous
2016-01-06T03:20:55+00:00 -
Anonymous
2016-01-06T02:17:56+00:00 I also have Win 8.1. Same thing happened to me. Also, my deleted items reappear in my inbox as unopened. My emails come in doubles and triples. Now they want me to download and install another patch to fix it but from reading some of the problems, looks like some are unable to access their WLM accounts after doing so. MICROSOFT please notify me when you have a real and tested remedy for this problem.
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Anonymous
2016-01-05T15:26:47+00:00 after the update i face 2 problems.
the most serious one is this
all new emails from contacts that have greek characters in their name, show up with special characters instead. for example instead of contact name Βαγγελης, i see @%^%#$@^&*
the second issue is that all sent emails have my name in the recepient....
hope these will be addressed and fixed. especially the first one is making me want to get rid of wlm. and i dont want to do that
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Anonymous
2016-01-04T09:12:11+00:00 Mine wasn't fake it was genuine from PAYPAL received in that format from a payment
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Anonymous
2016-01-03T21:27:48+00:00 I also get fake paypal email from the office accounts 365 but less frequent