Reset Password
Start the computer,then press and hold down command and R keys to start into recovery partition.
When you see the Apple logo, release the keys.
Wait until OS X Utilities window shows up.
Move the mouse pointer to the menubar at the top and click "Utilities", then select "Terminal"
from the drop down.
Terminal window will appear.
Type in resetpassword and press enter on the keyboard.
Leave the Terminal window open.
Reset Password Utility window will open with Macintosh HD selected.
Select the user account from the popup menu box under “Select user account”.
Enter a new password.
Reenter the new password for the user.
Enter a hint.
Click the "Save" button.
Click in the menubar and select Restart.
Log in.
If Keychain dialog box appears, select “Create New Keychain”.
Thanks to dominic23 for the concise steps.
Turn off FileVault encryption
When you turn off FileVault, encryption is turned off and the contents of your Mac is decrypted. The decrypting could take a while, depending on how much information you have stored. However, you can still use your Mac to do other tasks while the information is being decrypted.
Choose Apple menu > System Preferences, click Security & Privacy, then click FileVault.
Click the lock icon  to unlock it, then enter an administrator name and password.
Click Turn Off FileVault.
Click Turn Off Encryption.